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National Peroxide Ltd. Company History and Annual Growth Details

1954 - The Company was incorporated on 16th March. It was promoted by
the Bombay Dyeing & Mfg. Co. Ltd. with the technical
collaboration of Laporate Industries Ltd., U.K. The technical
collaborators also participated in the share capital of the
company. The company's objects is to manufacture hydrogen
peroxide and sodium perborate.

1956 - A hydrogen peroxide plant, the first in India based on the
electrolytic process was set up by the Company at Wadala, Mumbai,
with a licensed capacity of 720 tonnes per annum of 35% by weight
hydrogen peroxide, i.e., 252 tonnes of 100% hydrogen peroxide.

1960 - The manufacturing range at the Wadala plant was extended by
establishing a plant for the manufacture of sodium perborate with
a capacity of 500 tonnes per annum.

1962 - The hydrogen peroxide plant at Wadala was further expanded to an
annual capacity of 1,050 tonnes to 100% hydrogen peroxide.

1966 - 7,200 bonus shares issued in prop. 1:5.

1969 - 9,600 bonus shares issued in prop. 2:9.

1970 - In June, Laporate Industries merged its peroxide interests with
Solray et Cie, Belgium. With this merger, Solray also became a
shareholder of the Company.

1972 - The Company entered into a Licence Agreement dated 2nd November,
with Laporate for the manufacture of 2,500 tonnes per annum of
100% hydrogen peroxide by the auto-oxidation process.

1973 - 24,640 right equity shares issued in prop. 7:15 in October.

1978 - 77,440 bonus shares issued in prop. 1:1.

1980 - A Research and Development Centre (R & D Centre) was established.

1981 - The R & D centre was accorded recognition by the Department of
Science and Technology, Government of India. Considerable new
equipments and activities were added during the year.

1982 - Letter of Intent was received for expanding the capacity from
6,000 tonnes to 12,000 tonnes per annum of 35% hydrogen
peroxide. Steps were taken to set up the expansion project at
the existing site of its hydrogen peroxide plant at Kalyan. The
design and engineering packages for this project were provided
by Laporate Industries. The plant was commissioned during 1988.

- In order to ensure self-sufficiency in the supply of hydrogen, it
was decided to set up an integrated hydrogen plant.

- Production of hydrogen peroxide declined due to reduced demand,
erratic and irregular supply of hydrogen gas and labour problems
at the company's plant.

- The domestic sales of hydrogen peroxide reduced substantially due
to the prolonged textile strike and power cuts in the states of
Karnataka, Gujarat and Tamil Nadu.

- Letter of Intent was received for the manufacture of 4,000 tonnes
per annum of plastic additives. A project for the manufacture of
plastic additives was proposed to be established at Dewas in
Madhya Pradesh.

- The R & D activities continued to expand. One of the notable
achievements during the year was the development and
commercialisation of a process for cold bleaching for textile
using hydrogen peroxide. Significant progress was also made in
promoting the use of hydrogen peroxide in newsprint plants.

1983 - A letter of Intent was received to set up a plant with 6 million
cubic metres per annum hydrogen capacity. The plant was to be
set up at Kalyan, the existing location of the Company's hydrogen
peroxide plant. Humphreys & Glasgow consultants Pvt. Ltd. was
appointed consultants for providing consultancy service related
to engineering, procurement, construction, supervision and
commissioning assistance for the complete hydrogen plant. It was
commissioned during 1986-87.

- A Collaboration agreement was finalised with Arugus Chemicals
Division of Witco Chemical Corporation, USA. Site for this
project was acquired. Various other matters relating to
financial and engineering aspect were progressing satisfactorily.

- The Company lost production for 4 months due to non-availability
of hydrogen gas as a result of suspension of operations by the
suppliers on account of lockout at their plant.

- The activities continued to expand in the areas of product and
process research. Favourable results were obtained in field
trials with clacium peroxide coated rice seeds. Work was also
undertaken on the development of inexpensive solar water heater
systems using easily available materials.

- The manufacturing activities had to be completely stopped from
November due to lock-out at the National Rayon's plant. The
working resumed only in March 1985 when the Company started to
receive supply of hydrogen from Standard Alkalies.

1984 - With a view to expanding the manufacturing capacity to 4,200
tonnes per annum of 100% hydrogen peroxide, the company entered
into a Supplemental Licence Agreement with Laporate and Solray
and an Engineering Services Agreement with Laporate, both the
agreements dated 13th May.

- Under the Engineering Services Agreement, Laporate was to provide
all kinds of technical assistance in the areas of designing,
construction and commissioning of the expanded hydrogen peroxide

- The Company entered into a Licence Agreement dated 9th April,
with Argus Chemical Corporation U.S.A. (Argus), for the
manufacture of plastic additives.

1985 - During March, the company issued 75,000 No. of equity shares of
Rs.100 each at a prem. of Rs.220 per share linked with
3,35,000 - 13.5% secured non-convertible debentures of Rs.100
each at par. Out of the total issue:

- (i) 14,598 No. of equity shares reserved for preferential
allotment to the company's foreign shareholders/collaborators;

- (ii) 3,020 No. of equity shares linked to 16,750 debentures were
reserved for preferential allotment to the employees of the
company and

- (iii) 57,382 No. of equity shares linked to 3,18,250 debentures
were offered for public subscription.

- The objects of the issue of equity shares and debentures in March

- (i) To enable the company to have its equity shares and
debentures listed on Stock Exchanges.

- (ii) To provide part of the funds required for the Company's
programme of expansion of hydrogen peroxide manufacturing
capacity and financing the hydrogen gas project and

- (iii) To meet part of the working capital requirements for the
existing operations.

1986 - Process know-how was developed for a number of products to be
included in the production range of plastics and additives.

- 75,000 No. of equity shares issued (prem. Rs.220 per share)
linked to debentures; 7,300 No. of equity shares to Laporate
Chemicals Ltd. U.K. and 7,298 No. of equity shares to Solvay at
Cie, S.A. Belgium were reserved and allotted; 3,020 No. of equity
shares linked to debentures were reserved and allotted to
employees (not related to directors or to directors of
interconnected undertakings) of the company and 57,882 No. of
equity shares linked to debentures were offered for public
subscription during March/April 1985.

1987 - The working results were adversely affected due to suspension of
the manufacturing activities in the last quarter of the year
partly due to labour problems and partly for modifications
associated with the expansion of the existing hydrogen peroxide

- The Company issued 1,80,000 -14% non-convertible debentures of
Rs.100/- each. The debentures are redeemable at a premium of
Rs.5/- per debenture after the expiry of 7 years from the date
of allotment.

1988 - The turnover declined due to labour strike and shut down of
Hydrogen Peroxide plant to tie in the new production facilities
with the existing plant resulting in an effective working of
about 9 months.

- The company privately placed 1,20,000 - 14% non-convertible
debentures of Rs.100/- each with LIC, GIC and its subsidiaries.
These debentures are redeemable at a prem. of Rs.5/- per
debenture after the expiry of 7 years from the date of allotment.

1990 - The Research and Development division developed a technology to
manufacture sodium perborate monohydrate. It also developed new
formulations of plastics additives to suit the special needs of
the customers.

1991 - The Research and Development division developed the technology to
manufacture sodium perborate monohydrate of international

- Naperol Investments Ltd. with a paid-up equity capital of
Rs.24.02 lakhs and Wonderlene Investments, Ltd. with a paid-up
equity capital of Rs.6,898 are wholly owned subsidiaries of the

1992 - Laporate Industries Ltd., U.K. had transferred their peroxygens
business to Solvay S.A. of Belgium. Hence, the company will
receive technical support from Solvay S.A.

- The Company revamped its sodium perborate manufacturing facility
and the new plant was commissioned in April.

2002-National Peroxide Ltd has informed that Mr Kaustubh S Koparkar has been appointed as the Secretary of the Company.

-Nusli N Wadia ceases to be a Director & Chairman of National Peroxide.

-National Peroxide Ltd has informed BSE that Mr K S Koparkar the Secretary of the Company has resigned with effect from September 30, 2002.


-National Peroxide fixes Record Date


-National Peroxide Ltd has re-appointed Mr. S R Lohokare as the Managing Director of the Company, for a further period of five years, w.e.f. May 01, 2008.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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